Sunday, November 28, 2010

DuPont, Zurich Chase $135 Billion Climate Market as World Warms | Full Page
Nov. 29 (Bloomberg) -- Seed maker DuPont Co., wind-turbine manufacturer General Electric Co. and insurer Zurich Financial Services AG are devising products to help the world adapt to climate change, a potential $135 billion-a-year market by 2030.
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"Climate change presents a direct threat to our business," Jim Hanna, director of environmental impact for Seattle-based Starbucks Corp., the world's largest coffee chain, said in an interview. "We are already hearing some anecdotal evidence that shifting weather patterns and increased erosion and pest infestation are starting to impact coffee crops."
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The U.S. Gulf Coast alone may face $350 billion in damages by 2030 as powerful storms fueled by climate change ravage the region, according to a study released last month that was commissioned by Entergy Corp. of New Orleans, an energy company that operates nuclear-power plants.
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Levi Strauss & Co. says it's worried higher temperatures and sea levels worldwide will cause diminishing supplies and soaring costs for the cotton used in its jeans.

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